ercentage to two decimal places. cove uestions should Little invest in the machine ? Data table antag ; Residual value Expected annual net cash inflows Expected useful life Initial investment 1,200,000 250,000 300,000 5 years 9% Required rate of return Little Company is considering a capital investment in machinery: :32 (Click the icon to view the data.) 8. Calculate the payback. 9. Calculate the ARR. Round the percentage to two decimal places. 10. Based on your answers to the above questions, should Little invest in the machinery? .1:- 8. Calculate the payback. Amount invested + Expected annual net cash inow = Payback $ 1,200,000 + $ 300,000 = 4 years 9. Calculate the ARR. Round the percentage to two decimal places. = ARR Average annual operating income + Average amount invested ::%